Page:United States Statutes at Large Volume 95.djvu/436

 95 STAT. 410

PUBLIC LAW 97-35—AUG. 13, 1981 PURCHASE OF PHA OBLIGATIONS

12 USC 2294a.

12 USC 2294. 94 Stat. 1624. 42 USC 1437c.

SEC. 329E. In addition to any authority provided before October 1, 1981, the Secretary of Housing and Urban Development may, on and after October 1, 1981, enter into contracts for periodic payments to the Federal Financing Bank to offset the costs to the Bank of purchasing obligations (as described in the first sentence of section 16(b) of the Federal Financing Bank Act of 1973) issued by local public housing agencies for purposes of financing public housing projects authorized by section 5(c) of the United States Housing Act of 1937. Notwithstanding any other provision of law, such contracts may be entered into only to the extent approved in appropriation Acts, and the aggregate amount which may be obligated over the duration of such contracts may not exceed $400,000,000. There are hereby authorized to be appropriated any amounts necessary to provide for such payments. The authority to enter into contracts under this subsection shall be in lieu of any authority (except for authority provided specifically to the Secretary before October 1, 1981) of the Secretary to enter into contracts for such purposes under section 16(b) of the Federal Financing Bank Act of 1973. TENANT PARTICIPATION

12 USC 1715z-lb.

SEC. 329F. Section 202(b)(1) of the Housing and Community Development Amendments of 1978 is amended by striking out owner's action" and inserting in lieu thereof "owner's request for rent increase, conversion of residential rental units to any other use (including commercial use or use as a unit in any condominium or cooperative project), partial release of security, or major physiced alterations". FIRE S A F E T Y

94 Stat. 1625. 42 USC 1437/.

SEC. 329G. Section 14(i)(l) of the United States Housing Act of 1937 is amended by inserting the following before the period at the end of the first sentence thereof: ", especially emergency and special purpose needs which relate to fire safety standards". SECTION 8 ASSISTANCE FOR MANUFACTURED HOMES

Contracts. 42 USC 1437f.

Maximum monthly rent.

SEC. 329H. (a) Section 8(j) of the United States Housing Act of 1937 is amended to read as follows: "(j)(l) The Secretary may enter into contracts to make assistance payments under this subsection to assist lower income families by making rental assistance payments on behalf of any such family which utilizes a manufactured home as its principal place of residence. Such payments may be made with respect to the rental of the real property on which there is located a manufactured home which is owned by any such family or with respect to the rental by such family of a manufactured home and the real property on which it is located. In carrying out this subsection, the Secretary may— "(A) enter into annual contributions contracts with public housing agencies pursuant to which such agencies may enter into contracts to make such assistance payments to the owners of such real property, or "(B) enter into such contracts directly with the owners of such real property. "(2)(A) A contract entered into pursuant to this paragraph shall establish the maximum monthly rent (including maintenance and management charges) which the owner is entitled to receive for the

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